67765a70bf89a9e2dc72c3d1bb161084 Archive

Understanding How the United States Fails to Tax So Much Business Income

TweetShareSharePin0 Shares Over the past three decades, the United States has gone from taxing roughly half of closely held business (that is, firms other than corporations) and investment income to taxing less than a third, our new analysis has found.    Rather than using published IRS Statistics of Income (SOI) reports on aggregate incomes shown

A New Analysis Shows How Much Business Income Goes Untaxed

TweetShareSharePin0 Shares In a new paper, we show that more than half of the income generated by closely held businesses (that is, firms other than corporations) goes untaxed. Addressing this gap could yield substantial revenue gains in addition to allowing policymakers to tax the wealthy more effectively, a frequently repeated though so far often elusive
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